According to officially released data, Iran's non-oil exports reached a milestone of $15 billion in the first half of 2026 (through March 20), marking a significant step in its strategy to reduce reliance on oil revenues.
Data from the Islamic Republic of Iran Customs Administration shows that the total value of non-oil exported goods (excluding crude oil, petroleum products, and gas) reached $15 billion, a slight increase compared to the same period last year. Key exports include petrochemicals, steel products, polymers, agricultural products, and processed industrial goods.
In terms of markets, the majority of Iran's exported goods were shipped to neighboring countries such as Iraq, Turkey, the United Arab Emirates (UAE), and Afghanistan, along with Asian partners including China and India.
Officials in Tehran believe maintaining growth in non-oil exports is a positive signal amid multiple international sanctions, helping to partially compensate for oil revenues. The Iranian government is promoting business support policies, improving logistics infrastructure, and seeking new markets to achieve sustainable growth targets.
However, analysts suggest that to sustain this momentum, Iran must address challenges such as restrictions on international financial transactions, transportation costs, and price competition in traditional markets.
